Research

At B. Riley, our research process is an interactive one where we perform extensive due diligence on companies until the analyst develops the knowledge base and understanding of the company and the industry to make a recommendation. Our analysts continuously monitor industry developments and communicate with the management, competitors, suppliers and customers of the companies we follow, regularly communicating our findings through Research Updates and daily Morning Notes.

While we do not necessarily publish research on all of the companies we review, the knowledge base and understanding of many of our monitored companies parallels that of our covered companies. We actively cover over 100 companies and monitor an additional 100. Our analysts cover small to mid-cap companies that are under-followed or misunderstood by Wall Street. We believe that the pricing of small cap equities is frequently inefficient, and therefore provides the greatest potential rewards to diligent security analysis.

This Week's Research

  • 07/22/16 Update SIMO ($50.31, Buy; $66.50 PT): Results, Guidance Affirm Market Leadership and Business Momentum; Edging Estimates and PT Higher as Shares Fade in…
  • 07/22/16 Update VFC ($62.78, Neutral; $63.00 PT): 2Q16 Slightly Better Than Plan, But FY16 Guidance Lowered on Revised Outlooks for Timberland and Sportswear Coalition
  • 07/22/16 Update MXIM ($37.25, Neutral; $40.00 PT): Mixed Print And Guide As GM Upside Offsets Light Revenue; PT To $40
  • 07/22/16 Update SKX ($27.26, Buy; $32.00 PT): Q2 Miss/Q3 Guide-Below; Soft Domestic/Strong International; Constrained Domestic Open-to-Buys Manifest in Backlog; Stock…
  • 07/22/16 Morning Note B. Riley AM Note: BHE, CAMT, CLS, CTG, DLB, EGHT, FLEX, IPAR, JAKK, KMB, MXIM, P, PLXS (downgrade), RUBI, SIMO, SKX, SWKS, TUP, TYPE, UTEK; Internet…
  • 07/22/16 Update PLXS ($44.82, Neutral; $50.00 PT): Reports F3Q16 Upside; Guides F4Q16 Higher; Downgrading to Neutral on Valuation As Current Level Reflects Solid…
  • 07/22/16 Update FLEX ($13.14, Buy; $14.50 PT): Reports F1Q17 Revenue Upside and EPS In-Line On Stronger Auto, Medical and Semi-Cap Ramps; Guides F2Q17 Revs and EPS…
  • 07/22/16 Update EGHT ($14.59, Neutral; $14.00 PT): EGHT Extends Global Reach; Maintaining Projections and $14.00 PT Reflecting Investor Confidence in Continued Growth
  • 07/22/16 Update SWKS ($68.25, Buy; $93.00 PT): C2H’s Better Outlook Can Solve Mid-Year Inventory Issue; PT To $93.0, Retain Buy
  • 07/22/16 Update CAMT ($2.52, Buy; $3.25 PT): Better Sales Print And Guide , Solid 4Q Visibility; PT to $3.25
  • 07/22/16 Update Industry Update: Internet Earnings Preview - Week of July 25, 2016 – AKAM, LLNW, GOOGL, BCOV, GRPN
  • 07/22/16 Update P ($11.10, Buy; $15.00 PT): Misses and Guides Down Due to Weakness in Entertainment/Political but 2H Opportunity in Undermonetized Inventory; Buy…
  • 07/22/16 Update Industry Update: Optical Components - Latest Snapshot of the Optical Industry; Earnings Previews of INFN and AXTI
  • 07/22/16 Update DLB ($49.28, Neutral; $46.00 PT): Earnings Preview; Projecting Upside Q3 Results on iOS Boost; Stabilizing Core License Segment Trends + New Product…
  • 07/22/16 Update CLS ($10.08, Neutral; $11.00 PT): Reports Solid F2Q16 Results; Issues Solid F3Q16 Guidance on Comms Program Wins; Reiterate Neutral Rating on Valuation…
  • 07/22/16 Update TUP ($62.26, Neutral; $53.00 PT): 2Q16 Upside Surprise, But 2016 Guidance Cut Due to FX; Maintaining EPS Estimates and $53 Price Target
  • 07/22/16 Update UTEK ($24.86, Neutral; $25.00 PT): Mixed Quarter But Secular Tailwinds Will Drive Growth Into 2H16 ; PT To $25.0
  • 07/22/16 Update CTG ($5.44, Buy; $5.75 PT): Q2 ’16 Earnings Preview; Reiterate Buy Rating and $5.75 Price Target
  • 07/22/16 Update BHE ($22.89, Neutral; $23.00 PT): Reports Light F2Q16 Results; Issues Soft F3Q16 Guidance; Maintain Neutral Rating; PT from $19 to $23
  • 07/21/16 Update JAKK ($9.09, Neutral; $10.00 PT): 2Q16 Upside Surprise, But Operating Cash Flow Deteriorates YoY for Second Consecutive Quarter; Raising PT from $8.25…
  • 07/21/16 Update ASML ($108.16, Neutral; $113.00 PT): Solid At Mid-Year, 4Q16 Shaping Up Well; EUV Visibility Increases Further; PT To $113.0
  • 07/21/16 Update XOXO ($18.97, Neutral; $19.50 PT): Downgrading on Valuation and Limited Upside to Estimates; Management’s Stellar Turnaround Effort Priced In; Waiting…
  • 07/21/16 Update MAT ($32.83, Buy; $38.00 PT): 2Q16 Upside Surprise; Trimming 2016E EPS by $0.05 and Maintaining $38 Price Target
  • 07/21/16 Update IMAX ($30.12, Buy; $42.50 PT): Q2 Results Beat Lowered Estimates; Spiking IMAX System Demand and Record Backlog to Provide Strong Tailwind into Projected…
  • 07/21/16 Update INTC ($35.69, Buy; $42.00 PT): Growth Gives And Takes But Estimates Moving Higher Overall; Buy, PT Increases To $42.0
  • 07/21/16 Morning Note B. Riley AM Note: ASML, AVGO, IMAX, INTC, MAT, PII, PLXS, SWKS, XOXO
  • 07/20/16 Update PII ($92.87, Neutral; $98.00 PT): Q2 Beats Recently Lowered Consensus; 2016 Guidance Cut Due to Ongoing ORV Pressure, Slowing Motorcycle Industry;…
  • 07/20/16 Update UA ($41.92, Buy; $51.00 PT): Our 2Q16/FY16 Estimates are In Line with UA’s Revised Guidance; We’re Encouraged by Recent Strength in The Company’s…
  • 07/20/16 Update MRVL ($10.00, Buy; $16.00 PT): Financial Filing Overhang Is Clearing; Focus Shifts To Margin Expansion; Buy $16.0 PT
  • 07/20/16 Morning Note B. Riley AM Note: GIG, MRVL, SKX, UA, VFC, WWW; Marine (BC, HZO, MBUU, MCFT, MPX), The Weiser Consumer (AVP, COTY, FLWS, FTD, MAT, NTRI, PBH, PRGO)
  • 07/20/16 Update GIG ($2.01, Buy; $4.50 PT): Discontinuing Coverage to Focus our Resources on Other Companies
  • 07/20/16 Update VFC ($63.80, Neutral; $63.00 PT): We See Little Room for Upside to 2Q16, on Softness at Vans, and Modest Risk to FY16, on Recent Events (Brexit and…
  • 07/20/16 Update WWW ($22.94, Neutral; $22.00 PT): Sperry has Improved, but Some of WWW’s Other Brands Likely to Report Weak 2Q16 Results Against Tougher Comparisons;…
  • 07/20/16 Update Industry Update: Marine - Annual Dealer Survey Reveals Favorable Demand Trends and Constructive Backdrop; Industry Strength Keeping Dealers Optimistic,…
  • 07/19/16 Update Industry Update: The Weiser Consumer - Weekly Highlights (AVP, COTY, FLWS, FTD, MAT, NTRI, PBH, PRGO)
  • 07/19/16 Update SKX ($32.36, Buy; $42.00 PT): Earnings Preview: known tough Q2 comparison; underlying domestic sell-through appears solid, while wholesale open-to-buys…
  • 07/19/16 Update HDSN ($3.79, Buy; $7.00 PT): Unexpected DoD Contract Award Worth Up to $400 million; Raising Estimates and Price Target
  • 07/19/16 Update OUTR ($45.83, Buy; $58.00 PT): Projecting Upside Q2 Results; Attractive Valuation Still More Reflective of Low Redbox Expectations vs. Potential Outcome…
  • 07/19/16 Morning Note B. Riley AM Note: IMMR, INTC, JAKK, MAT, OUTR, SIMO, SLAB, SMTC, SQNS, TUP, YHOO
  • 07/19/16 Update YHOO ($37.95, Neutral; $38.00 PT): Beat on AEBITDA/2016 Guidance Maintained but MAVENS Decline Casts Shadow Over Growth Business’ Prospects
  • 07/19/16 Update SIMO ($54.22, Buy; $64.50 PT): Earnings Preview: Raising Projections and PT to $64.50 as SIMO Surpasses Expectations with Projected 23%-25% Sequential…
  • 07/18/16 Update Industry Update: SemiCap Week #1 Results Preview - Upbeat SEMICON West Tone Into Prints For ASML, CAMT, And UTEK
  • 07/18/16 Morning Note B. Riley AM Note: KTOS, NAME, TRUE; Semiconductors (INTC, MXIM, ON, SWKS), Semi. Cap. Equipment (ASML, CAMT, UTEK)
  • 07/18/16 Update NAME ($11.85, Buy; $15.00 PT): Compelling Drivers Developing for 2H16/2017 Give us Confidence in Our Thesis; We Expect Pricing Support, Increased…
  • 07/18/16 Update Industry Update: Semi Week #1 Results Preview - Expectations For INTC, MXIM, And SWKS
  • 07/18/16 Update TRUE ($8.40, Sell; $3.50 PT): CNCDA Case to Move Forward; AN Upside Might be Lower Than Anticipated and Does Not Justify Current Valuation; Reiterate…